Analysts Set Spire Global, Inc. (NYSE:SPIR) PT at $13.67

Spire Global, Inc. (NYSE:SPIR) has received an average recommendation of “Hold” from the seven analysts that are currently covering the stock, Marketbeat reports. Four research analysts have rated the stock with a hold recommendation and three have given a buy recommendation to the company. The average 12 month price objective among brokers that have issued a report on the stock in the last year is $13.67.

A number of equities analysts recently commented on the stock. Craig Hallum cut shares of Spire Global from a “buy” rating to a “hold” rating and decreased their target price for the stock from $13.00 to $8.00 in a research report on Thursday, August 15th. Baird R W downgraded Spire Global from a “strong-buy” rating to a “hold” rating in a report on Thursday, August 15th. Alliance Global Partners restated a “buy” rating on shares of Spire Global in a report on Thursday, June 13th. Raymond James reaffirmed a “market perform” rating on shares of Spire Global in a research note on Wednesday, August 28th. Finally, Canaccord Genuity Group reissued a “buy” rating and set a $12.00 price objective (down previously from $20.00) on shares of Spire Global in a research note on Tuesday, September 10th.

Spire Global Trading Up 10.8 %

SPIR stock opened at $10.34 on Friday. The company has a market capitalization of $251.45 million, a PE ratio of -2.97 and a beta of 1.96. The company has a debt-to-equity ratio of 1.35, a quick ratio of 2.24 and a current ratio of 2.24. Spire Global has a one year low of $3.27 and a one year high of $19.40. The company’s 50 day moving average price is $10.43 and its two-hundred day moving average price is $10.69.

Hedge Funds Weigh In On Spire Global

Hedge funds have recently made changes to their positions in the business. Pathway Financial Advisers LLC bought a new position in Spire Global in the first quarter worth about $27,000. nVerses Capital LLC bought a new position in shares of Spire Global in the 2nd quarter worth approximately $37,000. Sanctuary Advisors LLC purchased a new position in shares of Spire Global in the 2nd quarter valued at approximately $106,000. K.J. Harrison & Partners Inc bought a new stake in shares of Spire Global during the first quarter valued at approximately $176,000. Finally, Jump Financial LLC purchased a new stake in Spire Global in the fourth quarter worth $167,000. 19.97% of the stock is owned by hedge funds and other institutional investors.

Spire Global Company Profile

Spire Global, Inc provides subscription-based data, insights, predictive analytics, and related project-based services worldwide. The company offers satellite-based aircraft tracking data to power applications, drive decision making, and improve cost efficiencies; data, insights, and predictive analytics for highly accurate ship monitoring, real-time and near real-time vessel updates, port operations, ship safety and route optimization; and space-based data, AI-powered insights, and predictive weather analytics for accurate weather forecasting.